July 24, 2024

Reported Okanagan Investment Fraudster Dies by Drowning – Penticton Updates

The deceased individual from a recent drowning incident near Okanagan Falls has been identified as Curtis Quigley. Prior to his demise, Quigley was accused in a major alleged Ponzi scheme.

Unexpected Death of Accused Fraudster

![Curtis Quigley and Kathleen Treadgold](https://investmentshoax.com/wp-content/uploads/2024/07/screen_shot_2023-08-30_at_3.02.46_pm_p3717515_p3717574_p3834657.jpg)

Credit: Facebook

Kathleen Treadgold (left) and Curtis Quigley (right)

On the morning of June 20, local firefighting crews were alerted about a drowning incident in the Okanagan River. The individual had reportedly jumped in the river attempting to rescue two dogs.

The BC Coroners Service verified on Tuesday that the individual was in fact, Curtis Quigley.

Quigley, along with his partner, Kathleen Treadgold, who were both in their 50s, were sued for their alleged involvement in a Ponzi scheme. The scheme purportedly spanned from October 2008 until December 2020 and was primarily orchestrated in Kelowna and Edmonton. Investors in B.C., Alberta and Australia are reported to have been victims of this fraud.

The scheme involved investors being misinformed about a non-existent company trying to exploit elderly individuals shifting to care homes by buying their homes at a lowered price and then profiting by reselling these properties, as per court documents.

This fraudulent scheme has been referred to by the Edmonton police as a “$7.8 million Ponzi scheme.”

Both Quigley and Treadgold surrendered to law enforcement services in October 2023. At the time of his passing, Quigley was out on bail and awaiting his court hearing.

Considering his recent death, charges against Quigley are predicted to be withdrawn.

Frequently Asked Questions

What is a Ponzi scheme?

A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. It’s named after Charles Ponzi, a 1920s swindler.

What was the alleged scam run by Curtis Quigley and Kathleen Treadgold?

Quigley and Treadgold, were accused of running a Ponzi scheme that targeted investors in B.C., Alberta, and Australia. They allegedly told investors that a non-existent company would buy homes from elderly people moving into care homes for a low price and then flip the homes for a profit.

What is the current status of the case against Curtis Quigley and Kathleen Treadgold?

Quigley and Treadgold turned themselves in to the police in October 2023. However, at the time of his death by drowning, Quigley was out on bail and waiting for his trial. With his death, all charges against him are expected to be dropped.